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Supply Chains: Is the Worst behind Us?

August 10, 2022
Marc-Antoine Dumont, Economist • Amy McAlpine, Intern • Joëlle Noreau, Principal Economist

Supply chain disruptions finally seem to be easing as prices for oil, grains and industrial metals gradually return to levels seen before the war in Ukraine. Container rates, delivery times and port congestion are all starting to improve. Moreover, high prices and the global economic slowdown are cooling demand, which should lead to a better balance with supply. But while the worst appears to be behind us, there’s still a long way to go. And economic uncertainty and geopolitical tensions could halt or reverse the supply chain recovery.

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